RES NO 10-02-2019 CITY OF VAN BUREN,ARKANSAS
RESOLUTION NO. 1U - a - 2019
BE IT ENACTED BY THE CITY COUNCIL, FOR THE CITY OF VAN BUREN,
ARKANSAS,A RESOLUTION TO BE ENTITLED:
A RESOLUTION APPOINTING A CITY COUNCIL MEMBER TO
THE CITY DEPOSITORY BOARD AND FOR OTHER PURPOSES.
WHEREAS, the City Council of the City of Van Buren, Arkansas, hereby acknowledges that
pursuant to A.C.A. 19-8-106, the Mayor, City Clerk and a City Council member
chosen by the City Council or the City Finance Officer constitute the board to
designate depositories and supervise the depositing of municipal funds for the
City of Van Buren; and
WHEREAS, the previously appointed City Council member is no longer serving as a council
member and it is necessary to designate a new council member.
NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF VAN BUREN,
ARKANSAS,THAT:
SECTION 1: That council member Alan Swaim is hereby appointed to the depository board of the City
of Van Buren.
IN WITNESS WHEREOF, the City of Van Buren, Arkansas, by its City Council, did pass,
approve, and adopt, by a vote of 5 for and 0 against, the foregoing Resolution at its regular
meeting held on the 28th day of October 2019.
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ATTESTED: • P "' I V ' AS F 1 ' :
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Phyllis Thomas Candice A. Settle
City Clerk/Treasurer City Attorney
19-8-106. Depository boards.
(a)
(1)The quorum court of each of the several counties shall by ordinance establish a county depository
board.The county depository board is to be composed of the county judge,the county treasurer and
county collector,or the sheriff when acting as ex officio tax collector,or those officials performing the
duties of the above officials where an elective county office has been changed in accordance with
Arkansas Constitution,Amendment 55.
(2)The board shall designate depositories and supervise the depositing of all county funds and all other
public funds held by the county treasurer, except funds of a school district,and also shall designate
depositories and supervise the depositing of all funds collected and held by the county collector.
(3)The board may also require county officials to settle with the county treasurer more frequently than
required by Arkansas law.
(b)
(1) Except as provided in subdivision (b)(2)of this section,the following persons shall constitute a three-
member board to designate depositories and supervise the depositing of municipal funds:
(A)A mayor;
(B)A city clerk or recorder or clerk-treasurer or recorder-treasurer; and
(C)A city council member selected by the city council.
(2)Although the board shall not total more than three (3) members,the city council may replace one (1)
of the three (3) board members listed in subdivision (b)(1)of this section with the city finance officer or
other official.
(3)A majority of the board members shall be necessary to conduct business and to constitute a quorum.
(c)The commissioners of road, drainage, levee, and other improvement districts shall designate
depositories and supervise the depositing of funds of their respective districts.
(d)The board of directors of any school district shall constitute a board to designate depositories and
supervise the depositing of school district funds.All school district funds,whether held by the treasurer
of the school district or by the county treasurer, shall be deposited as designated by the board of
directors.
(e)A receiver appointed under§ 14-62-104 shall be a designated depository and supervise the
depositing of funds collected under§ 14-62-101 et seq.